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Africa needs about $300 billion in climate financing annually
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Private funding for green projects in Africa is very low
FSD Africa is in talks with potential green-bond issuers across the continent to raise at least $400 million for climate-linked projects this year.
The agency backed by the UK’s Foreign, Commonwealth & Development Office will be a transaction adviser on the deals it expects to come from countries, including Tanzania, Zambia, Nigeria and Morocco. The amount to be raised will be about 70% higher than what FSD Africa said it helped to mobilize in climate- and gender-related financing in 2022.
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